InfoSpace, Inc. (NASDAQ:INSP), a leading developer of mobile
platform services, and Verizon Wireless, operator of the nation's most
reliable wireless network, today announced an extended relationship in
which InfoSpace will power core pieces of Verizon Wireless' mobile
infrastructure, including its enhanced Mobile Web 2.0(SM) service,
which allows customers to more easily access the latest news, tools
and information. The combined offerings will provide mobile customers
with faster, easier access to their favorite content and information,
while increasing revenue opportunities for the leading wireless
service provider.
Today's announcement extends InfoSpace's multi-year relationship
with Verizon Wireless and reflects the increasing momentum surrounding
the company's Mobile Services Platform. InfoSpace's relationship with
Verizon Wireless includes key components of the platform's suite of
services. InfoSpace provides hosting, infrastructure and subscription
management capabilities from its platform to power Verizon Wireless'
Mobile Web 2.0 service, which offers subscribers an up-to-the-minute
look at the latest news spanning weather, sports, entertainment and
more.
"InfoSpace's Mobile Services Platform allows us to bring our
customers an excellent mobile Web-browsing experience and easy access
to relevant content and information while on-the-go," said Jesse
Money, executive director of consumer multimedia data services for
Verizon Wireless. "A key selling point for us was the flexibility of
the platform that allowed us to tailor pieces to fit our needs for
this deployment and we're pleased to continue our long standing
relationship with them."
"Verizon Wireless is a valued partner for InfoSpace and we are
excited to extend and expand our successful relationship," said Steve
Elfman, executive vice president of InfoSpace's mobile business unit.
"As part of our Mobile Services Platform, InfoSpace is committed to
delivering customized mobile solutions for carriers and helping them
generate new revenue streams, and we look forward to doing so with
Verizon Wireless."
About InfoSpace Mobile
InfoSpace Mobile is a leading developer of mobile technologies and
infrastructure services that help mobile users quickly and easily
discover and enjoy content and information on the go. InfoSpace's
mobile platform offers carrier partners a customizable, scalable
solution for the programming and delivery of mobile content, helping
build stronger brands and generate revenue. Mobile users benefit from
the best-in-class local search experience of InfoSpace Find It!
(www.infospacefindit.com), and InfoSpace's easy-to-use mobile portal,
search, messaging and storefront offerings. The company's mobile
products and services are available to over 200 million consumers
through mobile operators such as AT&T Mobility, T-Mobile, Verizon
Wireless, Sprint Nextel, and Virgin Mobile.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless
voice and data network, serving more than 59 million customers. The
largest US wireless company and largest wireless data provider, based
on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J.,
with 65,000 employees nationwide. The company is a joint venture of
Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD).
Find more information on the Web at www.verizonwireless.com. To
preview and request broadcast-quality video footage and
high-resolution stills of Verizon Wireless operations, log on to the
Verizon Wireless Multimedia Library at
www.verizonwireless.com/multimedia.
Cautionary note about forward-looking statements
This release contains forward-looking statements regarding
InfoSpace's extended relationship with Verizon Wireless, including
powering core pieces of Verizon Wireless' mobile infrastructure,
including its enhanced Mobile Web 2.0SM service. These forward-looking
statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from those projected. These
statements are not guarantees of future performance and are subject to
certain risks, uncertainties and assumptions that are difficult to
predict. Factors that could affect InfoSpace's actual results include
actual performance under our extended relationship with Verizon
Wireless, the progress and costs of deployment of products and
services, the scope and timing of user adoption and implementation and
market acceptance of the application and features of InfoSpace's
mobile search technology. A more detailed description of certain
factors that could affect actual results include, but are not limited
to, those discussed in InfoSpace's most recent Annual Report on Form
10-K and quarterly reports on Form 10-Q as filed from time to time, in
the section entitled "Risk Factors." Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak
only as of the date of this release. InfoSpace undertakes no
obligation to update publicly any forward-looking statements to
reflect new information, events or circumstances after the date of
this release or to reflect the occurrence of unanticipated events.